Protect Yourself Against Penny Stock Scams ( RAD, PPG, ARIA, WSM )

Los Angelas, CA -- (SBWIRE) -- 09/11/2012 -- Shares of Rite Aid Corporat (NYSE:RAD) are trading at $1.27 and is +6.04% from its 50-day Moving Average price of $1.1977 and -9.98% from its 200-day Moving Average price of $1.4108. The average trading volume is 6084640 shares and its market capitalization is $1.127B. It looks like Rite Aid Corporation (NYSE:RAD) is starting to turn back up and indicators are giving the first bullish signs. I’m looking to see this stock re-test its July highs shortly. The MACD is increasing & stock price has regained its position above the 50-day MA. The nearest trend is in favour of Bulls and RAD has room to go higher. If the stock can break through $1.29, we should see strong volume drive the stock higher. Also watch out for other resistance levels at $1.39 which is the 200-day moving average.

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PPG Industries, I (NYSE:PPG) is very active today and traded between $114.35 - 116.79 with total traded volume of 1559916 shares. At a current price of 115.79, PPG is +2.65 - +2.34% from the previous close of $113.14. Moreover, At Current Market Price, PPG is in distance of +5.40% from its 50-day Moving Average price of $109.858 and +12.90% from its 200-day Moving Average price of $102.558. Paints and coatings maker PPG Industries (PPG) soared to intraday highs on an upgrade by a Jefferies analyst, who cited improving finances and the company's focus on boosting shareholder value. PPG shares were up nearly 3% to 116.38. He also raised his price target to 135, from 117.

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ARIAD Pharmaceuti (NasdaqNM:ARIA) reported EPS of -0.975. For the Current Fiscal year, the company is expected to report EPS of -1.32. For the Next Quarter and Next Year, the company is expected to report EPS of -0.36 and -1.23 respectively. At Current Market Price, ARIA is in distance of +13.91% from its 50-day Moving Average price of $19.6297 and +30.65% from its 200-day Moving Average price of $17.1141.Ariad Pharmaceutical (NASDAQ: ARIA) was upgraded by equities researchers at Bank of America from a “neutral” rating to a “buy” rating in a report issued on Monday. The firm currently has a $26.00 target price on the stock, up from their previous target price of $20.00. The analysts wrote, “Despite ARIA shares +80% YTD performance, we are upgrading from Neutral to Buy based on the favorable risk/reward profile on near term data for ‘113 in lung cancer and subsequent Phase 2 expansion results, as well as our less conservative view of valuation for lead drug PON. While our new PO of $26 (up from $20) does not reflect a large premium to the current stock price, we see 15-70% upside to shares following upcoming lung cancer data (Sept 28-30). The key near term risk to ARIA is negative results for ‘113 ($6/sh of our current valuation), which seems unlikely given trial progress and management’s enthusiasm.”

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Williams-Sonoma, (NYSE:WSM) is +1.03 - +2.42% from the previous close of $42.61. It traded between $42.67 - 43.8365 with total traded volume of 1694872 shares. Keep a close eye on WSM, as the stock has been showing unusual moves over the past weeks. At Current market price, WSM has recovered +52.96% from its 52-week Low of 28.53 and has Pulled back -0.46% from its 52-week high of 43.84. Citigroup boosted their EPS estimates on shares of Williams Sonoma (NYSE: WSM) in a research note issued on Monday. The firm currently has a “buy” rating and a $49.00 price target on the company’s shares. Several other analysts have also recently commented on the stock. For the quarter ended July 29 (Q2), Williams-Sonoma beat slightly on revenues and beat expectations on earnings per share. Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly. Gross margins dropped, operating margins improved, net margins expanded.

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